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  "map_content": "Cool! (on ID version of MB)\r\n\r\nUntil we have better data on how Binance makes their sausages (which we MAY get once CZ is sentenced this year, and monitor is appointed), I don't know how they wash their trades, only that they definitely do.\r\n\r\nIt can be as easy as two servers in the same room, moving a billion dollars in one transaction, between two accounts owned by the same person, separated only by shell company designations.\r\n\r\nSo that's why KYC/AML exists in equity markets for instance, so that not only can 9/11-style attacks be thwarted by seeing WHO is shorting the airlines ahead of the attack, and covering them after the attack, but also to see if bad actors are artificially creating volume to change the volume-wieghting of daily prices to screw up trading algos and create deception of liquidity where none actually exists.\r\n\r\nIn the movie the Sting, the room is filled with people, who all appear to the MARK to be independent players, but in reality everyone in the room is \"in on it\", in on the scam right down to the cigarette girl and the fake cops, except the MARK.  This is why KYC is more than just identity, it's a complicated system of understanding who works for who, and why.  There are known real trades (like between two enemies for instance), unknown status trades (where the \"Know\" in KYC is limited), and known fraudulant trades (two shell companies moving coins back and forth to boost volumes and/or change the price.  Company A makes money on the trade, and Company B loses money on the trade, but A + B = 0 and A = B, thus A = 0 and B = 0 thus the trades aren't real trades).",
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  "timestamp": "2024-04-04T15:24:23.000Z",
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